Japan’s Suzuki: BOJ has jurisdiction over how it exits easy policy

Japanese Finance Minister Shunichi Suzuki said Tuesday, the “Bank of Japan (BOJ) has jurisdiction over how it exits easy policy.”

Additional quotes

“Specific monetary policy up to the BOJ to decide.”

“Turning JGBs held by the BOJ into perpetual bonds would be tantamount to debt financing, could trigger yield spike.”

Market reaction

At the time of writing, USD/JPY is keeping its range around 115.40, gaining 0.11% on the day,

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